Topic: What Inspired Me To Invest In Bitcoin. - page 3. (Read 884 times)
One of the things I value in investing in Bitcoin is looking at its volatility. Its high volatility has attracted me quite a bit. If I can multiply my assets by investing in short term then it is definitely profitable for me. However, investing in Bitcoin should not make such predictions. Because no one can tell when Bitcoin will go higher. However, there is a big gap between the previous price and the current price of Bitcoin and its price will increase further in the coming days. Those with relatively poor financial status can definitely benefit financially from Bitcoin if they can hold the investment in Bitcoin for a long period of time. That inspired me the most.
Of course, financially, bitcoin gives us freedom from government control but I don't think that's the top priority. I think its profit is what we prioritize and care about more, then privacy.
Indeed, we prioritize the profit. But do you think it should be the main priority over privacy? Of course, the main purpose of Bitcoin was to help people get rid of the banks and the government's slavery. But we mix it up, and we use banks with bitcoin and give them all our personal data, which they use against us. The government wants it's share from people trading earnings. The government has no role in a freelancer's life yet wants the commission from their earnings. So, the priority varies from one person to another person. Some people extremely care about their privacy. They barely care about profit.
Well, I'm not saying we should prioritize profits over privacy, but that's exactly what's happening. If people investing in bitcoin are prioritizing privacy over profits or any utility then people should not use centralized exchanges or any centralized service to store bitcoins. But you see, the majority are still relying on centralized exchanges so what's wrong with me saying that people are prioritizing profits more? But you are right, not all, there are still some people who really understand the importance of privacy and they are valuing it more than a lot of other things.
1. Bitcoin is an asset
Bitcoin was originally created for online peer-to-peer transactions. It is a payment method. It cuts out the middleman and lets you do the transaction in a decentralized fashion. Bitcoin is also an asset. It is also someone's retirement plan. To some, it is the next world currency. Bitcoin is not only just an asset, it has the potential to become many things.
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3. Transaction is fast
It could differ from time to time. If the traffic is high or you could say the mempool is full, it will take a higher fee for fast transactions. If you want speed, you need to spend more. If you want less fee, then it will be slower. Quote
4. In the crypto world, bitcoin is the most dominant with a proven track record of growth, stability, and security, and it boasts of high liquidity compared to other cryptocurrencies.
Past performance does not indicate future progression. It seems like the past is influencing the market and the market is running in the same manner, but in reality, it's all about our sentiments towards the market. We try to match the past to the present in order to predict the future. It's all in our hands, Bitcoin being decentralized proves that. 
Indeed, we prioritize the profit. But do you think it should be the main priority over privacy? Of course, the main purpose of Bitcoin was to help people get rid of the banks and the government's slavery. But we mix it up, and we use banks with bitcoin and give them all our personal data, which they use against us. The government wants it's share from people trading earnings. The government has no role in a freelancer's life yet wants the commission from their earnings. So, the priority varies from one person to another person. Some people extremely care about their privacy. They barely care about profit.
Governments will always seek control, this will especially apply to Bitcoin due to its decentralized nature. Of course, they will try to convince that banks are the best place to store bitcoins, thereby taking control of it.Those who do not care about confidentiality will not be able to understand his essence, perhaps they will not even be interested in Bitcoin, and those who understand everything will keep the keys and make sure that their Bitcoins never get into the bank, or any other platform that will promise reliable safety, or big profits. Our financial system may change in the near future, governments are now actively testing CBDCs and will implement them, I think then Bitcoin can be very useful to us.
Personally, what motivated me to invest in Bitcoin was what I saw and noticed: as time passed, its price value really increased every time there was a bull run, and I witnessed it twice, to be honest. It's just that at that time, my understanding of Bitcoin was not yet extensive.
When Bitcoin first launched in the year 2017, I only saw that Bitcoin was increasing little by little because I didn't know much at the time and didn't have any plans to buy it. I was just like that at that time. But now, even early this year (2023), I have started to really save little by little and other altcoins as well.
When Bitcoin first launched in the year 2017, I only saw that Bitcoin was increasing little by little because I didn't know much at the time and didn't have any plans to buy it. I was just like that at that time. But now, even early this year (2023), I have started to really save little by little and other altcoins as well.
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2. Investors like bitcoin because it's different from the traditional financial system that's controlled and regulated by the government of such a country. With bitcoin and crypto in general, transactions are outside the control of anyone, entity, organization, or person.
3. Transaction is fast; bitcoin gives every user the luxury or pleasure of speed in transactions. Hence, network hiccups are almost eliminated when transacting with bitcoin.
Among the list, these are my most personal reasons. Since I am into technology guy, I am really amazed at how Bitcoin was built and how Bitcoin really works, it's kinda of a perfect solution for our current problems in financial or the way we send money or make payments.2. Investors like bitcoin because it's different from the traditional financial system that's controlled and regulated by the government of such a country. With bitcoin and crypto in general, transactions are outside the control of anyone, entity, organization, or person.
3. Transaction is fast; bitcoin gives every user the luxury or pleasure of speed in transactions. Hence, network hiccups are almost eliminated when transacting with bitcoin.
The way how Bitcoin solve the current traditional financial system we have is already a big win for Bitcoin.
Most of all, the best stories from those who invested early are the most inspirational for me because of them I made my own journey years ago and so far I get a decent amount of money especially in the time of bull run last time. Bitcoin stories are real and at the same time you need to make sure that you are not making mistakes by not reading all the necessary procedures to protect your bitcoins because it will be over for you with just slight mistakes like not paying attention to the BTC address you are sending to, like for example when sending BTC to your personal wallet you need to double check it because there are some tricks of the hacker when they compromised your computer and whenever you copy paste the BTC address you ended up pasting their BTC address instead. others have fallen into this trap by merely rushing and not paying attention when they send BTC.
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Of course, financially, bitcoin gives us freedom from government control but I don't think that's the top priority. I think its profit is what we prioritize and care about more, then privacy.
Indeed, we prioritize the profit. But do you think it should be the main priority over privacy? Of course, the main purpose of Bitcoin was to help people get rid of the banks and the government's slavery. But we mix it up, and we use banks with bitcoin and give them all our personal data, which they use against us. The government wants it's share from people trading earnings. The government has no role in a freelancer's life yet wants the commission from their earnings. So, the priority varies from one person to another person. Some people extremely care about their privacy. They barely care about profit.
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3. Transaction is fast; bitcoin gives every user the luxury or pleasure of speed in transactions. Hence, network hiccups are almost eliminated when transacting with bitcoin.
Bitcoin trading not only motivates people for fast but also provides many benefits to an investor. Moreover, in the era of digital currency, politicians of different countries use Bitcoin to smuggle their money to different countries. Big men use Bitcoin because money laundering, including money laundering, is done through Bitcoin and they enjoy a lot of benefits, if they withdraw their money from the bank, they will surely be caught. Bitcoin is a privacy that allows a person to make transactions while keeping everything private in terms of wealth. That's why all traders use Bitcoin for the convenience of Bitcoin transactions only for privacy purposes, and that's why Bitcoin has gained the most popularity and will continue to grow in the future.
Your bitcoin example is terrible, it's like you are saying that bitcoin helps corruption, helps criminals because they are using bitcoin to do things that violate the law. Bitcoin was not created for that purpose, it's too bad you give such an example of bitcoin. When talking about privacy, why don't you say that it helps people like us protect our assets from government surveillance, from those who always intend to rob other people's money...Bitcoin was not created for politicians to use for their corrupt purposes.
you are absolutely right mate. Everything you have listed is true especially the fact that it is an asset. who dosent like to make money which is an important reason why everyone wants to hodl. just that everyone investor needs to be aware of the risk involved and how volatile it is. anyone who is patient enough and invested what they can afford will definitely earn some profits.
Risk is the main thing that everyone must understand after everyone has gained knowledge about assets that can be invested in. So there is no reason for exceptions to this because investors and traders are people who always play with risk so this must be understood in advance before making decisions based on their own level of knowledge in any work. And some of the points that have been listed by the OP are part of the things you need to know after studying the level of risk that exists, both in investing and trading. 
Bitcoin as an investment really gives us an opportunity to earn money online or invest in something not tangible because we know that when it comes to investment before only tangible assets can be invested like business or gold but right now because of Bitcoin we can invest online and really earn some money which can add to our main source of income to buy our needs. That is really what we thank for. Also to other countries that legalized it Bitcoin was a great help because it fights inflation and makes it their main currency as their old currency worthless.
There is no doubt that Bitcoin provides an opportunity to make money and many people have earned it during their Bitcoin journey. And people who want to invest in Bitcoin don't need to prepare a lot of money like other investments that require a lot of money to start.People can set aside a small amount of money from their salary or income to start investing in Bitcoin regularly. That's what we should be grateful for and as you said, Bitcoin can help us face inflation if the currency we usually use cannot be used at that time.
And by starting to invest in Bitcoin, at least we have prepared our future well. And we can also have investments other than gold and others that we can use in times of urgency.
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3. Transaction is fast; bitcoin gives every user the luxury or pleasure of speed in transactions. Hence, network hiccups are almost eliminated when transacting with bitcoin.
Bitcoin trading not only motivates people for fast but also provides many benefits to an investor. Moreover, in the era of digital currency, politicians of different countries use Bitcoin to smuggle their money to different countries. Big men use Bitcoin because money laundering, including money laundering, is done through Bitcoin and they enjoy a lot of benefits, if they withdraw their money from the bank, they will surely be caught. Bitcoin is a privacy that allows a person to make transactions while keeping everything private in terms of wealth. That's why all traders use Bitcoin for the convenience of Bitcoin transactions only for privacy purposes, and that's why Bitcoin has gained the most popularity and will continue to grow in the future.
I completely agree with the first part of your speech, especially that Bitcoin and the decentralized system should become a culture and also change the definition of money and property of people around the world.
Bitcoin had been a savior to us for a long time now and we should always be grateful for what Satoshi was able to incooperate so that we shall not be drained in the so called fiat policies that we are expected to adhere to. If not for Bitcoin, many people would have not even see the light or reach the level that they are now. As inflation keep increasing the price of goods and services continuously making it hard for an average man to feed there family or to pay bills. Bitcoin had really improved the lives of man and we hope to enjoy more of what Bitcoin has for us. Bitcoin as an investment really gives us an opportunity to earn money online or invest in something not tangible because we know that when it comes to investment before only tangible assets can be invested like business or gold but right now because of Bitcoin we can invest online and really earn some money which can add to our main source of income to buy our needs. That is really what we thank for. Also to other countries that legalized it Bitcoin was a great help because it fights inflation and makes it their main currency as their old currency worthless.
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Here are some tips on why I invested in Bitcoin.
1. Bitcoin is an asset: Bitcoin is an asset because it can grow from the point of purchase, especially when taken advantage of markets that are falling in orife or have fallen in price to purchase as well as rise in price to sell. With Bitcoin, you can start small and grow big.
2. Investors like bitcoin because it's different from the traditional financial system that's controlled and regulated by the government of such a country. With bitcoin and crypto in general, transactions are outside the control of anyone, entity, organization, or person.
3. Transaction is fast; bitcoin gives every user the luxury or pleasure of speed in transactions. Hence, network hiccups are almost eliminated when transacting with bitcoin.
4. In the crypto world, bitcoin is the most dominant with a proven track record of growth, stability, and security, and it boasts of high liquidity compared to other cryptocurrencies.
1. I can't blame you if you see Bitcoin as an asset, and not a currency because many people sees Bitcoin only as an asset. This is the problem right now. Bitcoin is being promoted as an asset where in fact, it has been created as a currency, so we can use it to pay something without the use of any third party. Well, I guess the fact that Bitcoin's transaction speed is slow change our perspective towards the use-case of it. Here are some tips on why I invested in Bitcoin.
1. Bitcoin is an asset: Bitcoin is an asset because it can grow from the point of purchase, especially when taken advantage of markets that are falling in orife or have fallen in price to purchase as well as rise in price to sell. With Bitcoin, you can start small and grow big.
2. Investors like bitcoin because it's different from the traditional financial system that's controlled and regulated by the government of such a country. With bitcoin and crypto in general, transactions are outside the control of anyone, entity, organization, or person.
3. Transaction is fast; bitcoin gives every user the luxury or pleasure of speed in transactions. Hence, network hiccups are almost eliminated when transacting with bitcoin.
4. In the crypto world, bitcoin is the most dominant with a proven track record of growth, stability, and security, and it boasts of high liquidity compared to other cryptocurrencies.
2. Well, the government can't control something that they didn't create at first place, but they're starting to regulate it though.
3. Transaction is fast? If you are talking about Lightning Network then yes it is fast, but if you are talking about the standard transaction, then I guess you're wrong. 10 minutes transaction? Is it fast for you already?
4. Bitcoin's past performance isn't mean that it will happen in the future as well. Yes I've seen market cycles happened in the crypto market, but I've always getting myself ready just in case that cycle will be broken, and we might see either the bull market or bear market last longer than the usual that we are seeing.
To me, it changed my life as I have another asset to look up to and every morning almost immediately all I want to check is the price of BTC. And because I bet using BTC, it also made me busy reading and watching sports as a hobby.
With how BTC made me earn since the past bull market, it should be right to keep investing in it and Standwithcrypto for it will not just the crypto users who will benefit from this in the future. But from the freedom from CBDC. I think it's now inspiring.
With how BTC made me earn since the past bull market, it should be right to keep investing in it and Standwithcrypto for it will not just the crypto users who will benefit from this in the future. But from the freedom from CBDC. I think it's now inspiring.
There's no need to bother checking the price on a daily basis since there's confidence in what you invested in. To some who are not strong enough to have faith or probably doubting bitcoin might not be able to survive in investing in bitcoin seeing how volatile it is when they keep on checking frequently. I think it is more ideal to separate your investments with the one you for domestic uses and including gambling. I'm afraid you'll be tempted some day to gamble above your budget if they're not separated. If we are to go by how or what we have gain from bitcoin, one might be tempted to invest all that is available in order to accumulate more bitcoin. But I believe we all have plans and target we want to achieve. It's important to invest with caution and of course, with what you can afford to lose.
you are absolutely right mate. Everything you have listed is true especially the fact that it is an asset. who dosent like to make money which is an important reason why everyone wants to hodl. just that everyone investor needs to be aware of the risk involved and how volatile it is. anyone who is patient enough and invested what they can afford will definitely earn some profits.
The ability to use bitcoin as a store of value for future purposes, financial freedom, anonymous and fast transactions, and no third-party control or surveillance of how my crypto money is being used, unlike the traditional financial system (bank), are the reasons that got me inspired to invest in bitcoin mostly.
These reasons does in fact align with that stated in OP, but it’s hardly the bases for getting involved in the innovation as this could only be later discoveries that spurns interest in bitcoin due to studies.These are ideal reasons to bank on for investing as they are not entirely profit oriented but, sticks to the original purpose for which bitcoin was developed and that remains finance.
Despite all these benefits, there still is some level of surveillance (traces) and the need to eliminate that has brought in the need for certain services like mixers to enhance more privacy, we’ve got mixers to eliminate traces which is a concern for few.
There is just so much bitcoin has in store compared to fiat which makes it more desirable.
To me, it changed my life as I have another asset to look up to and every morning almost immediately all I want to check is the price of BTC. And because I bet using BTC, it also made me busy reading and watching sports as a hobby.
With how BTC made me earn since the past bull market, it should be right to keep investing in it and Standwithcrypto for it will not just the crypto users who will benefit from this in the future. But from the freedom from CBDC. I think it's now inspiring.
With how BTC made me earn since the past bull market, it should be right to keep investing in it and Standwithcrypto for it will not just the crypto users who will benefit from this in the future. But from the freedom from CBDC. I think it's now inspiring.
There's no need to bother checking the price on a daily basis since there's confidence in what you invested in. To some who are not strong enough to have faith or probably doubting bitcoin might not be able to survive in investing in bitcoin seeing how volatile it is when they keep on checking frequently. I think it is more ideal to separate your investments with the one you for domestic uses and including gambling. I'm afraid you'll be tempted some day to gamble above your budget if they're not separated. If we are to go by how or what we have gain from bitcoin, one might be tempted to invest all that is available in order to accumulate more bitcoin. But I believe we all have plans and target we want to achieve. It's important to invest with caution and of course, with what you can afford to lose.
I completely agree with the first part of your speech, especially that Bitcoin and the decentralized system should become a culture and also change the definition of money and property of people around the world.
Bitcoin had been a savior to us for a long time now and we should always be grateful for what Satoshi was able to incooperate so that we shall not be drained in the so called fiat policies that we are expected to adhere to. If not for Bitcoin, many people would have not even see the light or reach the level that they are now. As inflation keep increasing the price of goods and services continuously making it hard for an average man to feed there family or to pay bills. Bitcoin had really improved the lives of man and we hope to enjoy more of what Bitcoin has for us. I see your points as more of a reason rather than tips, but nonetheless thank you for sharing it with us. I'm sure all of us have various different reasons why we chose Bitcoin. Personally, I relate with you regarding your reason 1 (Bitcoin is an asset), a reason that I'm sure many of us share. Moreover, I also agree with you with Bitcoin providing a fast transaction, at least that is based on my experience so far.
From most people that why they choose Bitcoin because it is an asset that can gradually increase the value of money in a matter of years with very good performance, it is a conclusion that I have taken so far about Bitcoin, although there are still many features that I can use with Bitcoin Like international transactions in business cooperation, buying and selling services, but I prefer Bitcoin to be used as a value storage asset and value -up. I completely agree with the first part of your speech, especially that Bitcoin and the decentralized system should become a culture and also change the definition of money and property of people around the world.
Bitcoin had been a savior to us for a long time now and we should always be grateful for what Satoshi was able to incooperate so that we shall not be drained in the so called fiat policies that we are expected to adhere to. If not for Bitcoin, many people would have not even see the light or reach the level that they are now. As inflation keep increasing the price of goods and services continuously making it hard for an average man to feed there family or to pay bills. Bitcoin had really improved the lives of man and we hope to enjoy more of what Bitcoin has for us. To me, it changed my life as I have another asset to look up to and every morning almost immediately all I want to check is the price of BTC. And because I bet using BTC, it also made me busy reading and watching sports as a hobby.
With how BTC made me earn since the past bull market, it should be right to keep investing in it and Standwithcrypto for it will not just the crypto users who will benefit from this in the future. But from the freedom from CBDC. I think it's now inspiring.
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